SINGAPORE (Reuters) - Oil surged to a record high above $81 a barrel on Tuesday, drawing strength from concerns of a winter supply squeeze in the world's top consumer where an anticipated interest rate cut is calming recession fears.
U.S. light crude for October delivery rose 56 cents to $81.13 a barrel by 11:15 p.m. EDT after touching a high of $81.18 earlier in Tuesday's session and a $1.47 jump on Monday. London Brent crude for November rose 22 cents to $77.20 a barrel.
At least Bush has accomplished one thing in his horrifically long tenure living in the White House.
No comments:
Post a Comment